While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:

according to US law a president can raise the debt cieling without offering a doggone thing to nobody,
or placate some devils meanness to the poor

Click to expand...

In the Spirit of Sankofa,

.......This may be correct, but involves the public debt clause of section 4 of the fourteenth amendment and declaring it unconstitutional. However, the double-counting aspect, Congress' re-appropriation of the enacted debt, is unreasonable since the debt ceiling limit is for debts already incurred. Notwithstanding, the Supreme Court would be hard-pressed to allow law suits or default.